It is important to note that this was already happening, but the trade war accelerated the process. Dustin Daugherty, head of North American Desk for Dezan Shira & Associates, said “Even prior to the start of the US-China trade war and more recently the outbreak of the Covid-19 pandemic, Vietnam offered the most cost-competitive China alternative for general manufacturing in Asia. … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
I recently wrote an article about the cost of living for an expat retiree in vietnam and discovered during research that i was spending money on things out of habit
In addition, logistics is expected to be the future of the industrial market. In recent years, increasing demand from both traditional retails and continuous growth from e-commerce sectors has put great pressure on existing supply chains, facilities and warehouses. JLL predicts that the growth of retail will contribute to investment activities for the current shortfalls of the industry. … [Read more...] about Industrial property continues dominating Vietnam’s 2020 real estate sector
The Vietnam National Administraiton of Tourism (VNAT) estimates that the number of foreign travelers to Vietnam has been 3.7 million this year, a sharp fall of 80 percent compared with 2019. The number of domestic travelers is predicted to decrease by 50 percent despite a lot of sale promotion programs. … [Read more...] about Vietnam’s tourism industry loses $23 billion because of Covid-19
Dong made this statement at the seminar on International Financing for Independent Power Projects on November 25 in Hanoi. Since 2015, Vietnam has transitioned to a low-middle-income country which reduces its access to concessional sources of finance from development partners such as Official Development Assistance (ODA). “Therefore, capital can only be mobilised from international financial institutions,” he said. The international capital market is very large with tens of thousands of billions of US dollars, more than enough to satisfy Vietnam’s capital need. However, Dong said such capital flows are highly competitive, running on supply-demand principles and certain standards, which requires borrowers to comply. In February this year, the Politburo issued Resolution No. 55-NQ/TQ on Vietnam’s strategic orientations for energy development through 2030 and with an outlook to 2045. To meet the target of a total capacity of all power sources reaching … [Read more...] about International financing key to develop Vietnam’s power sector: Officials
To date, projects have been procured under a feed-in tariff (FiT) scheme. However, based on the prime minister’s Decision No. 39/2018/QD-TTg dated September 10, 2018, the Ministry of Industry and Trade (MOIT) is required to submit a policy introducing an auction process for the selection of new wind power projects and tariffs from November 1, 2021 onwards. This policy has not yet been released. … [Read more...] about Vietnam’s renewable energy: Key guidance to investors